RPM International Inc. (RPM) Expected to Post Quarterly Sales of $1.09 Billion

Equities research analysts expect RPM International Inc. (NYSE:RPM) to post $1.09 billion in sales for the current quarter, according to Zacks. Four analysts have made estimates for RPM International’s earnings. The highest sales estimate is $1.09 billion and the lowest is $1.08 billion. RPM International reported sales of $1.02 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 6.9%. The company is expected to issue its next quarterly earnings results on Thursday, April 5th.

On average, analysts expect that RPM International will report full-year sales of $1.09 billion for the current financial year, with estimates ranging from $5.30 billion to $5.35 billion. For the next year, analysts expect that the firm will report sales of $5.55 billion per share, with estimates ranging from $5.46 billion to $5.60 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for RPM International.

RPM International (NYSE:RPM) last issued its quarterly earnings data on Thursday, January 4th. The specialty chemicals company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.11. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.26 billion. RPM International had a net margin of 6.80% and a return on equity of 25.05%. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 earnings per share.

Several brokerages recently weighed in on RPM. Zacks Investment Research raised shares of RPM International from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research report on Tuesday, January 9th. TheStreet raised shares of RPM International from a “c+” rating to a “b-” rating in a research report on Tuesday, December 5th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $51.00 price objective on shares of RPM International in a research report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $57.86.

RPM International (RPM) opened at $48.15 on Friday. The firm has a market cap of $6,596.42, a P/E ratio of 18.59, a P/E/G ratio of 1.77 and a beta of 1.46. The company has a current ratio of 2.23, a quick ratio of 1.42 and a debt-to-equity ratio of 1.17. RPM International has a 52-week low of $46.80 and a 52-week high of $56.69.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date was Tuesday, January 16th. RPM International’s dividend payout ratio is 49.42%.

In other news, Chairman Frank C. Sullivan sold 35,000 shares of RPM International stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $52.38, for a total value of $1,833,300.00. Following the transaction, the chairman now owns 1,188,489 shares of the company’s stock, valued at $62,253,053.82. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Edward W. Moore sold 2,578 shares of RPM International stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $53.79, for a total transaction of $138,670.62. Following the completion of the transaction, the senior vice president now directly owns 98,417 shares in the company, valued at approximately $5,293,850.43. The disclosure for this sale can be found here. Company insiders own 2.10% of the company’s stock.

Several large investors have recently added to or reduced their stakes in RPM. State Street Corp raised its position in shares of RPM International by 0.4% in the second quarter. State Street Corp now owns 6,557,057 shares of the specialty chemicals company’s stock valued at $357,688,000 after purchasing an additional 23,088 shares during the period. Nomura Holdings Inc. acquired a new stake in shares of RPM International in the second quarter worth $602,000. Advisory Services Network LLC grew its stake in shares of RPM International by 2.7% in the second quarter. Advisory Services Network LLC now owns 2,174 shares of the specialty chemicals company’s stock worth $119,000 after acquiring an additional 57 shares during the last quarter. Lord Abbett & CO. LLC grew its stake in shares of RPM International by 9.5% in the second quarter. Lord Abbett & CO. LLC now owns 1,007,328 shares of the specialty chemicals company’s stock worth $54,950,000 after acquiring an additional 87,679 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its stake in shares of RPM International by 10.4% in the third quarter. Mutual of America Capital Management LLC now owns 120,828 shares of the specialty chemicals company’s stock worth $6,203,000 after acquiring an additional 11,428 shares during the last quarter. 75.59% of the stock is currently owned by institutional investors.

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About RPM International

RPM International Inc, through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives, focusing on the maintenance of industrial, specialty and consumer markets. The Company operates through three segments: the industrial reportable segment (industrial segment), the specialty reportable segment (specialty segment) and the consumer reportable segment (consumer segment).

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Earnings History and Estimates for RPM International (NYSE:RPM)

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